Aliassmith Beats a "Dead Horse"

[aliassmith]

Well that last trade was the one worth waiting for
Blew right through my demand zones around 10x
Went directly to the next zone at about 15X and bounced right off.

Using S/D to trace liquidity flow can keep you busy while watching the charts.
For the most part they are fairly accurate.
If a big flow of orders come in price can still overwhelm the areas.

[Yirbu]

This week felt intense trading the deadhorse and trying to digest all the information.
I always need to be careful not to get completely hyped up and over enthusiastic.

On Monday I had my profit of 10% reaching the FTMO target in 1 day.
The rest of the week felt as if it was difficult to make a profit.
In the end only on Tuesday I made a loss of 1R and ended up just below 16% for the week.
This is nice but my results are not stable. I don't feel like I am in control.
I'll keep practicing and see where my journey ends...

I did bring my risk down from .62% to .5%.
It doesn't look like much but I can have 5 losing trades in a row. (5x0.62=3.1% and 5x0.5=2.5%)
If this happens again I have 1 extra trade to fix things.

[aliassmith]

I don't usually trade this late on Friday, but I had a few minutes to practice S/D trading.
Ended up taking 1R in about 10 minutes.
These zones might make it possible to make better entries with tighter stops.
Looking at the pic you could see if I had my SL above the gray zone this trade would be 2R.

[aliassmith]

I don't usually trade this late on Friday, but I had a few minutes to practice S/D trading.
Ended up taking 1R in about 10 minutes.
These zones might make it possible to make better entries with tighter stops.
Looking at the pic you could see if I had my SL above the gray zone this trade would be 2R.

I have to go but this hurts.

[aliassmith]

This week felt intense trading the deadhorse and trying to digest all the information.
I always need to be careful not to get completely hyped up and over enthusiastic.

On Monday I had my profit of 10% reaching the FTMO target in 1 day.
The rest of the week felt as if it was difficult to make a profit.
In the end only on Tuesday I made a loss of 1R and ended up just below 16% for the week.
This is nice but my results are not stable. I don't feel like I am in control.
I'll keep practicing and see where my journey ends...

I did bring my risk down from .62% to .5%.
It doesn't look like much but I can have 5 losing trades in a row. (5x0.62=3.1% and 5x0.5=2.5%)
If this happens again I have 1 extra trade to fix things.

If you feel unstable then drop your risk to .33%

[aliassmith]

Some Parlay (Don_xyz) fun on US30 from 8/4 (I call it risk gearing)
Starts off with 2 losses -2%
Next trade +3%
Next trade risk 2% gain 6%
Next trade risk 3% gain 9%
3R are great fun!
The trick to getting 3R is finding Stop Loss big enough to get your size on and also not to big where price won't actually have a chance to move that far.
Doable with 1:100 leverage
16% gain in US morning session.
If you have the means to manage 3 accounts, you can run something like this on a:
$500,000 + $400,000 + $300,000 = $1,200,000
After "their" cut its roughly $1,000,000 you trade for yourself
You will need a few computers, some post-it notes to keep things straight, and lightning reflexes.
Unless you know of a really fast(safe) trade copy setup.

[Don_xyZ]

Some Parlay (Don_xyz) fun on US30 from 8/4 (I call it risk gearing)
Starts off with 2 losses -2%
Next trade +3%
Next trade risk 2% gain 6%
Next trade risk 3% gain 9%
3R are great fun!
The trick to getting 3R is finding Stop Loss big enough to get your size on and also not to big where price won't actually have a chance to move that far.
Doable with 1:100 leverage
16% gain in US morning session.
If you have the means to manage 3 accounts, you can run something like this on a:
$500,000 + $400,000 + $300,000 = $1,200,000
After "their" cut its roughly $1,000,000 you trade for yourself
You will need a few computers, some post-it notes to keep things straight, and lightning reflexes.
Unless you know of a really fast(safe) trade copy setup.

Now that I think of it, if I had to pick between forex and Dow cfd for ftmo I’d go with Dow. Simply because there are restrictions trading with them. Without the restrictions, it’s forex all the way.

Yes I agree. Needs at least 3 laptop to take on 3 maxed merged account from all 3 firms if the style is scalping. If not scalping then even 1 old laptop is more than enough.

Is copy trade saoftware safe? I mean is it possible for someone else to copy your trades without you knowing it?

[Don_xyZ]

This week felt intense trading the deadhorse and trying to digest all the information.
I always need to be careful not to get completely hyped up and over enthusiastic.

On Monday I had my profit of 10% reaching the FTMO target in 1 day.
The rest of the week felt as if it was difficult to make a profit.
In the end only on Tuesday I made a loss of 1R and ended up just below 16% for the week.
This is nice but my results are not stable. I don't feel like I am in control.
I'll keep practicing and see where my journey ends...

I did bring my risk down from .62% to .5%.
It doesn't look like much but I can have 5 losing trades in a row. (5x0.62=3.1% and 5x0.5=2.5%)
If this happens again I have 1 extra trade to fix things.

There is no race in passing the test. I think the 30 days period they give for 1st test is very much achievable. It’s only around 0.45% a day on average for ftmo. For mff it’s even less plus you get unlimited free retake if you meet their standard so there’s really no need to rush it. So even if you use 0.2% per trade you only need 2R a day and we all know the market will give more than 2R a day even with M15 tf.

[aliassmith]

Some Parlay (Don_xyz) fun on US30 from 8/4 (I call it risk gearing)
Starts off with 2 losses -2%
Next trade +3%
Next trade risk 2% gain 6%
Next trade risk 3% gain 9%
3R are great fun!
The trick to getting 3R is finding Stop Loss big enough to get your size on and also not to big where price won't actually have a chance to move that far.
Doable with 1:100 leverage
16% gain in US morning session.
If you have the means to manage 3 accounts, you can run something like this on a:
$500,000 + $400,000 + $300,000 = $1,200,000
After "their" cut its roughly $1,000,000 you trade for yourself
You will need a few computers, some post-it notes to keep things straight, and lightning reflexes.
Unless you know of a really fast(safe) trade copy setup.

Now that I think of it, if I had to pick between forex and Dow cfd for ftmo I’d go with Dow. Simply because there are restrictions trading with them. Without the restrictions, it’s forex all the way.

Yes I agree. Needs at least 3 laptop to take on 3 maxed merged account from all 3 firms if the style is scalping. If not scalping then even 1 old laptop is more than enough.

Is copy trade saoftware safe? I mean is it possible for someone else to copy your trades without you knowing it?

I have not come across software I would use. They say its hard using the copier for scalping.

[Yirbu]

If you feel unstable then drop your risk to .33%

I don't think it's the risk level because I feel very comfortable risking my %.
Was thinking about it this weekend but don't know yet what it is. I must have changed something in the last 2 weeks.
What is also possible is that it feels price is moving different since august 1st.
I'll have to reflect some more on this. thx